Microstrategy with ticker MSTR is now breaking channel resistance line after a projected complex W-X-Y correction in wave 4, so wave 5 can be now in play, especially if breaks above 400 bullish confirmation level. If we respect a positive correlation with Bitcoin, then BTCUSD could follow soon as well.
www.wavetraders.com
Notice that BlackRock Bitcoin ETF with ticker IBIT is now breaking channel resistance line, so wave »c« of an abc correction in wave 4 can be finished and wave 5 already in progress, especially if breaks 51 area decisively.
www.wavetraders.com
For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on Monday, March 24 2025:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Tesla%20Inc%20tesla%20by-%20Iv-olga%20via%20Shutterstock(1).jpg)
/Stickers%20with%20AMD%20Radeon%20and%20Nvidia%20GeForce%20RTX%20graphics%20on%20new%20laptop%20computer%20by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)